| ITEM #: 6. DATE: 05/22/2023 AI #:1509 |
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CITY COUNCIL ACTION REPORT
| SUBJECT: | FY2024 DESIGNATION OF CHIEF FISCAL OFFICER FOR EXPENDITURE LIMIT REPORTING |
| STAFF PRESENTER(S): | Doug Sandstrom, Finance Director |
SUMMARY
Arizona Revised Statutes §41-1279.07(E) requires that the City Council annually designate the Chief Fiscal Officer (CFO) for the purposes of filing the annual expenditure limit report. This resolution names Doug Sandstrom, Finance Director, as the designee for FY2024.
STRATEGIC PLAN ALIGNMENT
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RECOMMENDATION
ADOPT RESOLUTION NO. 2023–2310 DESIGNATING THE CHIEF FISCAL OFFICER FOR OFFICIALLY SUBMITTING THE FISCAL YEAR 2024 EXPENDITURE LIMITATION REPORT TO THE ARIZONA AUDITOR GENERAL. (Doug Sandstrom, Finance Director)
FISCAL IMPACT
No fiscal impact will result from the designation.
BACKGROUND AND PREVIOUS ACTIONS
Arizona Revised Statutes §41-1279.07(E) requires that the City Council annually designate the Chief Fiscal Officer (CFO) for the purposes of filing the annual expenditure limit report.
STAFF ANALYSIS
This will meet the CFO designation requirement of A.R.S. §41-1279.07(E)